| December 23, 2013

When Your Wallet Shrinks, Does Your Waistline Expand?

When you lose money, you might gain weight. That’s the conclusion of a new study by the American Marketing Association

“People experiencing financial dissatisfaction choose more caloric food and consume larger food amounts than people who are financially satisfied.”

It’s not a stretch to imagine that getting depressed about your finances will lead you to eat more. But how do you scientifically test something that seems so obvious? Here’s how researchers did it…

“Five experiments tested this assumption. For instance, people who were made to believe that they had relatively little money ate more brownies and estimated the caloric content of foods differently compared to people feeling financially satisfied.”

That’s right. Researchers fed their subjects brownies after convincing them they were in various stages of financial despair. Then they counted the brownies.

Whatever you think about the research, we all know that overeating is not only unhealthy, it’s also expensive. But it’s also understandable.

Unfortunately, most people don’t recognize or fully understand the emotional side of debt. If you’re sad, you want to find a cure for it — and for many, shopping is a release. But after the shopping and spending is done, you look at the money you spent and you’re still not happy. In fact, that temporary release is really going to cost you when the bills come due.

If you’re overspending and overeating, call Consolidated Credit today. Our credit counselors would argue that finances and diet work both ways — if you binge eating because you’re depressed, then getting out of debt will also save your waistline.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

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